The price offered by Dedeman was EUR 230 per sq. m, respectively exceeding EUR 6 million.

In December, the company’s representatives showed that 10 pct. of the money obtained from the sale could be used for the relocation of the factory. Industria Iutei intended to sale the factory plot also in 2008, for a price of more than EUR 45 million.

Industria Iutei had in 2014 3.3 million lei turnover and 300,000 lei profit, with 43 employees. The factory was founded in 1928.

Dedeman Bacău DIY network includes 42 stores nationwide, being the largest company on this segment in Romania. (source: profit.ro)